Empire State Realty OP (NYSE:ESBA) Stock Price Up 1.7% – Still a Buy?

Empire State Realty OP, L.P. (NYSE:ESBA – Get Free Report)’s stock price was up 1.7% on Friday . The stock traded as high as $5.39 and last traded at $5.39. Approximately 4,297 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 9,306 shares. The stock had previously closed at $5.30.

Empire State Realty OP Stock Up 1.7%

The firm’s fifty day simple moving average is $5.26 and its two-hundred day simple moving average is $6.12.

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Empire State Realty OP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, March 13th.

Hedge Funds Weigh In On Empire State Realty OP

Several large investors have recently made changes to their positions in the stock. Citadel Advisors LLC lifted its holdings in shares of Empire State Realty OP by 18.2% in the 3rd quarter. Citadel Advisors LLC now owns 15,230 shares of the company’s stock worth $113,000 after acquiring an additional 2,343 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Empire State Realty OP in the 3rd quarter worth approximately $64,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Empire State Realty OP by 31.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 38,000 shares of the company’s stock worth $244,000 after acquiring an additional 9,000 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of Empire State Realty OP in the 4th quarter worth approximately $156,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of Empire State Realty OP by 16.5% in the 3rd quarter. Susquehanna International Group LLP now owns 112,754 shares of the company’s stock worth $839,000 after acquiring an additional 15,972 shares during the last quarter.

About Empire State Realty OP

(Get Free Report)

Empire State Realty OP is the operating partnership affiliated with Empire State Realty Trust, a real estate investment trust focused on ownership, operation and redevelopment of office and retail properties. Through its portfolio, the company generates income primarily by leasing space in landmark and Class A office buildings, managing tenant relationships and overseeing property operations, maintenance and marketing efforts.

The partnership’s flagship asset is the iconic Empire State Building in New York City, a 102‐story office tower and major tourist attraction.

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